USD/CNH: DOWNSIDE ALLEVIATED ABOVE 6.8550 – UOB

avatar
· Views 54



Further losses remain on the cards while USD/CNH trades below the 6.8550 level, comment UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.


24-hour view: “Yesterday, we expected USD to trade sideways between 6.8550 and 6.9000. USD then traded between 6.8728 and 6.9054. The underlying tone has softened somewhat and USD is likely to edge lower today. However, a clear break of 6.8550 is unlikely. Resistance is at 6.8920, followed by 6.9020.”

Next 1-3 weeks: “We have expected USD to weaken since early last week. USD has not been able to make any headway on the downside. Downward momentum is waning rapidly and USD has to break and stay below 6.8550 in the next 1-2 days or it is unlikely to weaken further. Conversely, a breach of 6.9100 (‘strong resistance’ level) would suggest USD could trade sideways for a period of time.”

免責事項:本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。

この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
応答 0

古いコメントはありません。ソファをつかむ最初のものになりましょう。

  • tradingContest